2661 Grand AVE new Save Request In-Person Tour Request Virtual Tour
Cleveland,OH 44104
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Brooks
MLS Listing ID 5080255
Bedrooms 9
Full Baths 4
Half Baths 2
Year Built 1890
Annual Tax Amount $2,339
Tax Year 2023
Lot Size 6,250 Sqft
Property Description
Investment Opportunity in Cleveland's New "Opportunity Corridor" - $330M Redevelopment! Seize this ground-floor investment in Cleveland's newly emerging "Opportunity Corridor" with a fully updated/lead-certified, mixed-use turnkey project. Featuring two well-cared-for, remodeled buildings that reflect beautiful workmanship and pride of ownership, this property offers immense potential. Building #1 includes vacant retail/storefront/office/warehouse space (the current owner is interested in leasing), along with three remodeled apartments. Two 1-bedroom units are rented for $700/month each, and one spacious 3-bedroom unit, just remodeled, is ready to rent for $1,250-$1,400/month (perfect for Section 8). There's room to increase rents, and this building also boasts a full basement, 5 bedrooms, 2 full/2 half baths, and ample parking. Building #2 is a beautiful 4-bedroom, 1.5-bath home, nicely remodeled/currently rented through Section 8 for $1,250/month, with an approved increase to $1,425. With ample parking, potential for billboard advertising, and turnkey professional management available, this is your chance to get in on Cleveland's fast-developing area before prices rise. Out-of-state investors are encouraged to research Cleveland's Opportunity Corridor project and see the potential this prime investment offers!
Location
State OH
County Cuyahoga
Interior
Heating Forced Air
Cooling None
Exterior
Garage Off Street,Paved
Waterfront No
Roof Type Asphalt,Fiberglass
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809